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Segment Operating Results - Segment Expense Footnotes (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Segment Reporting Information [Line Items] |  |  |
Occupancy and Equipment Rental | $ 108,784 | $ 90,953 | $ 84,329
Professional Fees | 103,044 | 96,205 | 73,741
Travel and Related Expenses | 95,612 | 79,446 | 64,527
Technology and Information Services | 146,222 | 120,995 | 106,663
Depreciation and Amortization | 32,557 | 24,468 | 24,348
Execution, Clearing and Custody Fees | 12,499 | 13,211 | 12,275
Acquisition and Transition Costs | 9,858 | 0 | 0
Other Operating Expenses | 56,468 | 46,060 | 41,135
Non-Compensation | 565,044 | 471,338 | 407,018
Revision of Prior Period, Reclassification, Adjustment |  |  |
Segment Reporting Information [Line Items] |  |  |
Professional Fees |  | (39,521) | (35,060)
Technology and Information Services |  | 39,521 | 35,060
Investment Banking & Equities |  |  |
Segment Reporting Information [Line Items] |  |  |
Occupancy and Equipment Rental | 106,309 | 88,604 | 82,180
Professional Fees | 98,531 | 91,861 | 69,953
Travel and Related Expenses | 94,515 | 78,519 | 63,798
Technology and Information Services | 141,413 | 117,091 | 103,083
Depreciation and Amortization | 32,098 | 24,141 | 23,943
Execution, Clearing and Custody Fees | 10,654 | 11,487 | 10,724
Acquisition and Transition Costs | 9,858 | 0 | 0
Other Operating Expenses | 54,926 | 44,554 | 39,627
Non-Compensation | 548,304 | 456,257 | 393,308
Investment Banking & Equities | Revision of Prior Period, Reclassification, Adjustment |  |  |
Segment Reporting Information [Line Items] |  |  |
Professional Fees |  | (38,536) | (34,146)
Technology and Information Services |  | 38,536 | 34,146
Investment Management |  |  |
Segment Reporting Information [Line Items] |  |  |
Occupancy and Equipment Rental | 2,475 | 2,349 | 2,149
Professional Fees | 4,513 | 4,344 | 3,788
Travel and Related Expenses | 1,097 | 927 | 729
Technology and Information Services | 4,809 | 3,904 | 3,580
Depreciation and Amortization | 459 | 327 | 405
Execution, Clearing and Custody Fees | 1,845 | 1,724 | 1,551
Other Operating Expenses | 1,542 | 1,506 | 1,508
Non-Compensation | $ 16,740 | 15,081 | 13,710
Investment Management | Revision of Prior Period, Reclassification, Adjustment |  |  |
Segment Reporting Information [Line Items] |  |  |
Professional Fees |  | (985) | (914)
Technology and Information Services |  | $ 985 | $ 914

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